INDUSTRY INSIGHTS YOUR PEERS ARE READING
I will be leading a webinar with the Sourcing Interest Group next Nov. In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. 12 at 2 PM, based on a study I have been working on with some folks at IBM. MORE
million shipped items and 60 metric tons of air freight.*. When the processes are digitally automated, companies can manage their documents in a central hub and file electronically with the various customs authorities. Source: [link]. MORE
We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone. Any waste that exists needs to be documented, and problem solving needs to happen around the waste. MORE
Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global. MORE
Source ID. Source ID. Source ID. The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. Source ID. Source ID. MORE
In sourcing, data must be tracked over the entire life of a supplier. Then the evaluation of the supplier must be documented, and linked presumably to a category strategy (although not in all cases…). And an active supplier will also start sending you things – but are they doing it on time, and what are the metrics with the delivery of the contracted product or service. MORE
In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. Over the course of the last decade, companies have moved at different rates to align source, make and deliver processes to report to common leader. MORE
With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. - Inability to view real-time metrics. Everyone knows that quality is an important topic. MORE
Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. If we buy a customized product from a single source how will you know if the price is fair? Subscribe Here! MORE
Blockchain might not be able to solve, cure, or save everything as the hype suggests, but there are certainly applications where the business case makes more sense, such as global trade because of the many different parties, documents, regulations, and financial transactions involved. MORE
Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. Each team will develop a written contract with selected partner(s) that documents the agreement resulting from the negotiation process. MORE
It needs to have a fail-safe to prevent vendors from selecting incorrect shipping methods and provide a source of cross-checking between shipment selection. A defined set of rules should serve as the “checkpoint” in this part of the document, ranging from marking and labeling to back-order processing. This allows you to require vendors to sign in and acknowledge having read the document before using it. MORE
The goal is deeper analytics to sense and respond across make, source and deliver. The traditional EDI approach inserts a day latency to open and read documents. Companies need a real-time data source on performance. MORE
APQC analysts note, “Thoroughly evaluating shrinkage includes looking at the actions of employees and suppliers to identify fraudulent behavior, as well as badly defined or documented processes that might lead to higher errors or inventory problems at multiple points in the process.”[3]. As the greatest source of inventory loss, shoplifting obviously must be addressed. MORE
While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. We finished dinner. MORE
Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide. MORE
It is less of a fit for unstructured data (weather, maps, social, sentiment, warranty, quality, contract documents and pictures) and streaming data (sensors, RFID, and telematics). Do not force teams to do documented phased process flows and a definitive ROI. MORE
Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction. MORE
Duke Energy Sourcing Automation through AI: Sourcing Optimization through technology and artificial intelligence are becoming more readily available within the Supply Chain industry. MUFG Union Bank Strategic Performance Metrics. MORE
Too often, however, those documents fail to prevent unacceptable working conditions. Often it’s those deeper levels that are the source of violations or inadequate working conditions. Regulation and Compliance Quality & Metrics All Technology Supply Chain Visibility Sourcing/Procurement/SRMJust about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. MORE
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Burton predicts that China and Brazil will become hubs for global sourcing. MORE
Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. There are many supply chain performance measurement metrics to help do this, however, commonly used is the Perfect Order Index. This is a measure of an order that is delivered on time, complete, damage-free and with correct documentation. Whichever metrics a business uses, note it must be in synergy with the overall business strategy. MORE
Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here! MORE
All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour. MORE
As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. no metrics, operate in functional silos). Define and document Supply Chain Mapping business processes. MORE
For sales and operations staff alike, the inability to access current orders, inventory and production information is often a significant source of frustration and waste. For example: how much would more timely document submissions and responses (PO/POACK, ASN, Invoice, etc.) MORE
How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones? Rather than selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. MORE
Abby and I are writing an e-book on Supply Chain Metrics that Matter. Likewise, in today’s supply chain environment, I find that supply chain leaders favor a single function of logistics, manufacturing or sourcing. Companies that are not looking holistically at metrics are stuck. MORE
One mistake companies often make is focusing on the lowest purchase price per item instead of considering the total landed cost of sourcing from offshore suppliers. Use key metrics and a scorecard system to understand if product is flowing as planned. MORE
Overall results in business performance on the critical supply chain metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) are declining. Company metrics are inter-related. Balance occurs when the metrics align with the business strategy. These balanced metrics overlay the functions of source, make and deliver. A Leader in Performance and Metrics Improvement. . Daily I see one. MORE
The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics). MORE
Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks. MORE
Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric. MORE
As per our prior post , we are now working with the following definitions: Business Metric : a quantifiable measure used to track and assess the performance of a specific business area or activity. MORE
The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Any detected waste needs to be documented and followed by problem-solving. “ The most dangerous kind of waste is the waste we do not recognize ”: Shigeo Shingo. MORE
Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources. MORE
IQMS
MAY 1, 2018
Bottom Line: Manufacturers are reaching a new level of results in 2018 because they have clearer, more actionable insights based on real-time manufacturing and quality metrics than ever before. Quality Metrics Enable Customer-Driven Manufacturing Networks.
Supply Chain Game Changer
NOVEMBER 20, 2018
Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. The post Outsourcing Sourcing! Subscribe Here!
EcoVadis
MAY 31, 2018
Read on for more details about EcoVadis ratings in this interview (first published on the ING Wholesale Banking site): Rating Sustainability Performance: An Essential Business Metric.
Supply Chain View from the Field
APRIL 1, 2015
Many people are talking about Key Performance Indicators, Metrics, Analytics, and other indicators of performance. The importance of selecting the right metrics or “measures” as I prefer to call them, is critical as we all know that metrics drive behaviors. Rather then selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely. Step 2 – Develop Metrics and Data Sources.
Talking Logistics
MAY 8, 2013
The company is also stopping production in Ecuador, Venezuela, Belarus and Pakistan by April 2014 (these countries scored low in a World Bank report that assessed countries on accountability, corruption, violence, and other metrics).
Talking Logistics
MARCH 2, 2016
As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. no metrics, operate in functional silos). Define and document Supply Chain Mapping business processes.
|
Supply Chain Shaman
MARCH 5, 2019
While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. The focus is on functional metrics, but are unable to get to overall supply chain metrics. We finished dinner.
Supply Chain View from the Field
NOVEMBER 6, 2015
I will be leading a webinar with the Sourcing Interest Group next Nov. In particular, there is a noticeable gap between procurement executives’ explicit intentions of driving value for the business, and documented results as they pertain to improved engagement with internal business groups, ability to drive innovative analytical tools, and the resulting gap in alignment with business strategy. 12 at 2 PM, based on a study I have been working on with some folks at IBM.
Supply Chain View from the Field
AUGUST 27, 2014
Students will learn core processes around initial exploration and assessment of supply chain relationships, establishing metrics/expectations for the relationship, crafting and managing contracts, and sustaining continuous performance improvement in sourcing, logistics and operations. Each team will develop a written contract with selected partner(s) that documents the agreement resulting from the negotiation process.
Supply Chain View from the Field
OCTOBER 3, 2013
In sourcing, data must be tracked over the entire life of a supplier. Then the evaluation of the supplier must be documented, and linked presumably to a category strategy (although not in all cases…). And an active supplier will also start sending you things – but are they doing it on time, and what are the metrics with the delivery of the contracted product or service.
Cerasis
MARCH 23, 2016
All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’ These metrics would, of course, be aligned and are updated every hour.
|
OneSCM
FEBRUARY 5, 2016
For sales and operations staff alike, the inability to access current orders, inventory and production information is often a significant source of frustration and waste. For example: how much would more timely document submissions and responses (PO/POACK, ASN, Invoice, etc.)
Supply Chain Shaman
JUNE 17, 2019
Overall results in business performance on the critical supply chain metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) are declining. Company metrics are inter-related. Balance occurs when the metrics align with the business strategy. These balanced metrics overlay the functions of source, make and deliver. A Leader in Performance and Metrics Improvement. . Daily I see one.
Supply Chain Shaman
JUNE 18, 2015
In supply chain strategy documents, terms like alignment, agility, responsiveness, and flexibility dot the page. Over the course of the last decade, companies have moved at different rates to align source, make and deliver processes to report to common leader.
Talking Logistics
APRIL 20, 2016
How do you successfully align goals, metrics, and resources across functional groups? Which metrics are the right ones? Rather than selecting a plethora of meaningless metrics, it is always better to focus on a critical few, and select them wisely.
Cerasis
APRIL 12, 2017
It needs to have a fail-safe to prevent vendors from selecting incorrect shipping methods and provide a source of cross-checking between shipment selection. A defined set of rules should serve as the “checkpoint” in this part of the document, ranging from marking and labeling to back-order processing. This allows you to require vendors to sign in and acknowledge having read the document before using it.
NC State SCRC
JANUARY 18, 2018
Duke Energy Sourcing Automation through AI: Sourcing Optimization through technology and artificial intelligence are becoming more readily available within the Supply Chain industry. MUFG Union Bank Strategic Performance Metrics.
Abivin
MARCH 28, 2019
Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Still, to the large extent, transport sector depends on non-renewable fuel sources along with the gases that emit carbon dioxide.
Oracle SCM
MAY 22, 2018
With such an approach, companies are working in a sub-optimal manner, and then start to face these types of challenges: - Quality metrics are either not available or are incomplete. - Inability to view real-time metrics. Everyone knows that quality is an important topic.
Unleashed
FEBRUARY 17, 2019
Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. There are many supply chain performance measurement metrics to help do this, however, commonly used is the Perfect Order Index. This is a measure of an order that is delivered on time, complete, damage-free and with correct documentation. Whichever metrics a business uses, note it must be in synergy with the overall business strategy.
Supply Chain Shaman
MARCH 4, 2013
Abby and I are writing an e-book on Supply Chain Metrics that Matter. Likewise, in today’s supply chain environment, I find that supply chain leaders favor a single function of logistics, manufacturing or sourcing. Companies that are not looking holistically at metrics are stuck.
Supply Chain Game Changer
JANUARY 9, 2019
Further analyzing that spend can help you determine opportunities for implementing cost savings practices like supplier consolidation, strategic sourcing , and standardization. If we buy a customized product from a single source how will you know if the price is fair? Subscribe Here!
Supply Chain Nation
SEPTEMBER 7, 2018
As per our prior post , we are now working with the following definitions: Business Metric : a quantifiable measure used to track and assess the performance of a specific business area or activity.
Supply Chain Shaman
AUGUST 16, 2015
The goal is deeper analytics to sense and respond across make, source and deliver. The traditional EDI approach inserts a day latency to open and read documents. Companies need a real-time data source on performance.
Talking Logistics
AUGUST 17, 2018
Blockchain might not be able to solve, cure, or save everything as the hype suggests, but there are certainly applications where the business case makes more sense, such as global trade because of the many different parties, documents, regulations, and financial transactions involved.
Supply Chain Shaman
MAY 22, 2015
It is less of a fit for unstructured data (weather, maps, social, sentiment, warranty, quality, contract documents and pictures) and streaming data (sensors, RFID, and telematics). Do not force teams to do documented phased process flows and a definitive ROI.
Material Handling & Logistics
DECEMBER 2, 2018
Source ID. Source ID. Source ID. The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. Source ID. Source ID.
LeanCor
SEPTEMBER 16, 2014
We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone. Any waste that exists needs to be documented, and problem solving needs to happen around the waste.
Supply Chain Shaman
DECEMBER 17, 2018
Completed in 2012, the ERP project forced the company to standardize organizational design, roles, and metrics. Nick Lynch is the Global Excellence Manager at Shell Lubricants, a division of Shell Global.
Cerasis
FEBRUARY 13, 2015
One mistake companies often make is focusing on the lowest purchase price per item instead of considering the total landed cost of sourcing from offshore suppliers. Use key metrics and a scorecard system to understand if product is flowing as planned.
Logility
APRIL 3, 2018
Materials and components are sourced from ever-more remote locations and finished products are being sold into expanding regions and channels. Start with documenting the “As-Is” process capabilities and corresponding key performance metrics. Envision the “To-Be” process capabilities and desired performance metrics through benchmarking, group brain storming sessions, and alignment to business strategy and direction.
ivalua
JUNE 2, 2016
Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. Burton predicts that China and Brazil will become hubs for global sourcing.
BluJay Solutions
JUNE 29, 2018
million shipped items and 60 metric tons of air freight.*. When the processes are digitally automated, companies can manage their documents in a central hub and file electronically with the various customs authorities. Source: [link].
Enterra Insights
JUNE 25, 2019
APQC analysts note, “Thoroughly evaluating shrinkage includes looking at the actions of employees and suppliers to identify fraudulent behavior, as well as badly defined or documented processes that might lead to higher errors or inventory problems at multiple points in the process.”[3]. As the greatest source of inventory loss, shoplifting obviously must be addressed.
Cerasis
AUGUST 9, 2016
The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Metrics and Key Performance Indicators (KPIs) measure how well the shipper-transportation provider does in daily continuous improvement. Any detected waste needs to be documented and followed by problem-solving. “ The most dangerous kind of waste is the waste we do not recognize ”: Shigeo Shingo.
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